NIFTY CLOSED AT 6675.30 ON 16.4.2014
Since nifty closed below 6694.35 today ,therefore keep a strict watch on the level of 6650 if it breaks this and stays below then it will be the first sign of short term down trend .The next important support level then would be 6555
REMARKS:- Long term trend is still up but one technical parameter is showing sign of weakness and indicating that nifty could break the level of 6483 but the technical indicator should not be seen in isolation so watch whether nifty breaks 6650 level or not if it does and stays below that then surely it can breaks the said level.So avoid long trade below 6650.
Since nifty closed below 6694.35 today ,therefore keep a strict watch on the level of 6650 if it breaks this and stays below then it will be the first sign of short term down trend .The next important support level then would be 6555
REMARKS:- Long term trend is still up but one technical parameter is showing sign of weakness and indicating that nifty could break the level of 6483 but the technical indicator should not be seen in isolation so watch whether nifty breaks 6650 level or not if it does and stays below that then surely it can breaks the said level.So avoid long trade below 6650.
NOTE:-1.PRICE STATED
HERE IS OF SPOT MARKET.
2.RECOMMENDATIONS
ARE VALID TILL THE STOP LOSS IS TRIGGERED.
3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN
AND CAPITAL PROTECTION.
Contact me for strategic guidance to enter and
exit the trade
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